Taranaki Property Investors' Association

taranaki@nzpif.org.nz

News & Updates

Recent updates

Taranaki (TPIA) News

Official cash rate increased to 1.50 percent

The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 1.50 percent. The Committee agreed it is appropriate to continue to tighten monetary conditions at pace to best maintain price stability and support maximum sustainable employment.
13-04-2022 more >>

OCR increased to 1%

The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 1 percent.
23-02-2022 more >>

Fixing the Rental Crisis

See the full report on our plan to fix the rental crisis here and a summary here. New Zealand has a rental property crisis. There are not enough rental properties, which has seen the Social Housing Register explode to over 25,000 and $1m of Government funds a day spent on motels to house tenants with emergency housing needs. First Homeowners have been prioritised over tenants and rental providers have been discouraged from providing rental accommodation. The system has been broken and needs to be improved to increase the supply of rental properties, lower the cost and price of rental properties and provide more stable rentals properties.
14-02-2022 more >>

Understanding the effects of the changing market

In December 2021 and January of this year, NZ Property Investors' Federation, in association with the NZ Property Investor, surveyed members  throughout the country to understand how the changes in the housing market are affecting members.
04-02-2022 more >>

Rent controls do not make renting easier

Associate Minister of Housing, Poto Williams, indicated today that rent controls are being considered due to high rental prices in New Zealand.
03-02-2022 more >>

Not many mega-landlords

A Sunday Star Times article today claims that New Zealand is owned by a group of mega landlords and not the mum and dad landlords owning one or two rentals.
28-11-2021 more >>

Taranaki Property Investors' Association 2021 Annual Member Survey

Taranaki Property Investors' Association 2021 Annual Member Survey is live and the Executive Committee would appreciate your feedback
15-11-2021 more >>

NZPIF welcomes new Privacy Commission Guidelines.

The NZ Property Investors Federation (NZPIF) welcomes the new guidelines released by the Privacy Commission. These guidelines are governed by the Privacy Act 2020 and must be followed by all private rental property providers, including property managers.
11-11-2021 more >>

New program of compliance from Privacy Commissioner

The Privacy Commissioner is cracking down on the lack of compliance by property managers and agencies in a new program aimed at protecting tenants' personal information.
10-11-2021 more >>

Official Cash rate increased to 0.50 percent

The Monetary Policy Committee agreed to increase the Official Cash Rate (OCR) to 0.50 per cent. Consistent with their assessment at the time of the August Statement, it is appropriate to continue reducing the level of monetary stimulus so as to maintain low inflation and support maximum sustainable employment.
06-10-2021 more >>

Government's rental property interest deductibility details released

In March this year, the Government brought in radical changes for property investors, treating them differently from any other business by removing the ability to deduct mortgage interest as a legitimate business expense. MBIE, IRD, accountants and tax experts do not support these changes.
29-09-2021 more >>

Official cash rate on hold at 0.25 percent

The Monetary Policy Committee agreed to retain the current stimulatory level of monetary settings, keeping the Official Cash Rate (OCR) at 0.25 per cent for now. Today's decision was made in the context of the Government's imposition of Level 4 COVID restrictions on activity across New Zealand. 
18-08-2021 more >>

Controversial tenant shows why 90 day notice needed

Sharyn Shepherd, also known as Hope Maree Taylor, is a convicted fraudster who has reportedly harassed her neighbours at the Otautahi Community Housing Trust complex so much that they are frightened to go outside.
26-07-2021 more >>

Taranaki Women's Refuge Transitional Housing Request

The TPIA have been contacted by the Taranaki Women's Refuge as they are searching for a rental home to add to their support services. Please refer below for more information and how to contact them.
22-07-2021 more >>

Reserve Bank approved to use debt to income ratios

The Reserve Bank of New Zealand has announced plans to add debt to income ratios to its tool kit to dampen investor demand for properties.
17-06-2021 more >>

Debt serviceability restrictions added to tools the Reserve Bank can use

The Reserve Bank and the Minister of Finance have agreed to update their shared Memorandum of Understanding (MoU) on macro-prudential policy and add debt serviceability restrictions to the list of potential tools available.
16-06-2021 more >>

Confusing consultation paper

The Government has released a 143-page discussion paper on removing mortgage interest tax deductibility on investment properties and the extension of the Bright line test.
12-06-2021 more >>

Landlords say money would be better spent on something else

The government used the housing announcements of March 23 as its main avenue for legislation relating to rental properties. Still, it has, however, set aside $80 million in the Budget for the Bond Centre, Tenancy Tribunal, and Healthy Homes initiatives.
21-05-2021 more >>

Government rejects first home buyers, tenants and rental providers

The First Home Buyers Club, Tenants Protection Canterbury and the NZ Property Investors Federation have presented a letter to Government requesting them to reconsider removing mortgage interest costs on rental properties.
12-05-2021 more >>

Officials against rental property interest deductibility removal

Newly released information shows that in addition to Inland Revenue and Treasury, officials from the Ministry of Housing and Urban Development were unanimous in advising the Government against removing rental property mortgage interest as a tax deduction. This opposition is also supported by economists, the general public and even tenant groups who are also stating that the policy will lead to rent rises.
04-05-2021 more >>

Don't confuse the property investor with the speculator

Colin Comber is a former President and currently active member of the Taranaki Property Investors' Association and has been a provider of private rental housing in New Plymouth for 20 years. Read the full article in Stuff covering the latest proposed legislation affecting private accommodation providers in NZ
14-04-2021 more >>

Filling the information gap

The recent Government housing policies appear to have been implemented without much information about the likely outcomes. There was also lack of time for impact statements to be produced by Inland Revenue and Treasury.  In order to fill the information gap, the New Zealand Property Investors Federation (NZPIF) conducted a survey to see how these changes will affect the rental property industry.
07-04-2021 more >>

New information changes the perspective

A survey of mortgage advisors by independent economist Tony Alexander has shown that the Government may have been too quick to disincentivise rental property providers.
01-04-2021 more >>

Summary of changes announced by the Government on March 23

Here is a summary of the proposed changes and fact sheets explaining the detail
24-03-2021 more >>

Unintended consequences of today's housing announcements

The Government today made announcements which prioritises first home buyers over renters.
23-03-2021 more >>


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